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fjgodswill,  in Orlando, FL

Can a Real State salesperson work for a Real State company and also a Timeshare company at the same time? No relationship between the two companies.

Asked by fjgodswill, Orlando, FL Wed Jun 12, 2013

I am currently working for a Timeshare developer selling timeshare, and I got offered to work for a Real State firm selling homes. My bread and butter for the moment is Timeshare sales, however I'd like to transition to general Real State in time without sacrificing my primary source of income. Could I have my license under both "brokers" at the same time? Work at the Timeshare resort while slowly transitioning to general Real State? Thanks to everyone for your answers in advance.
J.P.

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Answers

8
Hi J.P.:

The answer is no. I think every Real Estate Professional has wondered this and hoped to sell Timeshare in the morning and then develop General Real Estate in the afternoon and evening hours. For added confirmation, check with FREC for this. If you do choose to go the general Real Estate direction, all the best to you.

Carri Schoeller
Charles Rutenberg Realty
407-492-8559
1 vote Thank Flag Link Wed Jun 12, 2013
I'm pretty sure that you can only work for one Broker at a time. That's how it is in California and inn most states
0 votes Thank Flag Link Tue Apr 1, 2014
They are not allowed to, buy many of them do.
0 votes Thank Flag Link Tue Apr 1, 2014
Nice link, but it's to Mexican Timeshare problems, not US and not Florida.
Flag Tue Apr 1, 2014
I.m guessing you do not have a broker's license, in which case the answer is no.
0 votes Thank Flag Link Wed Jun 12, 2013
The same is true in Illinois,
0 votes Thank Flag Link Wed Jun 12, 2013
FJ,
If both postions require that you have a current Florida real estate license to perform the job, then the answer is "No." In the state of Florida, a licensed salesperson may only be associated with one broker at a time.

In an earlier time, an agent was said to "hang" his or her license with a broker, and the broker actually displayed the agent's license on a wall in the office, with those of the other agents associated with that broker. If you visualize this, it becomes clear that since an agent only has one sales license, he/she can only put it in one place.

However, there are exceptions to the real estate licensing laws. If one of these positions does not require a real estate license, then you're in a different situation.

For example, if you're working for an owner-developer as a salaried employee, and you sell, exchange, or lease real property for your employer, then you don't need a real estate license to do your job, and the real estate licensing laws wouldn't apply to you in this case.

Be careful though. If you're paid a commission or other compensation based on individual transactions, you then need a real estate license, and are subject to the real estate licensing laws.
0 votes Thank Flag Link Wed Jun 12, 2013
No you can't since getting paying commission.
0 votes Thank Flag Link Wed Jun 12, 2013
Call your state Real Estate commission as they can answer it right away and that way you will be 100% sure.
0 votes Thank Flag Link Wed Jun 12, 2013
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